iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Hits New 52-Week High – Should You Buy?

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $113.51 and last traded at $113.46, with a volume of 24400 shares trading hands. The stock had previously closed at $112.25.

iShares Russell Top 200 Value ETF Stock Performance

The company has a market cap of $4.09 billion, a price-to-earnings ratio of 19.39 and a beta of 0.77. The business has a fifty day moving average price of $108.23 and a 200 day moving average price of $101.47.

Institutional Investors Weigh In On iShares Russell Top 200 Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC bought a new position in iShares Russell Top 200 Value ETF in the 4th quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in shares of iShares Russell Top 200 Value ETF during the first quarter worth $55,000. Bessemer Group Inc. acquired a new stake in shares of iShares Russell Top 200 Value ETF during the 1st quarter valued at $61,000. Tower Research Capital LLC TRC grew its position in iShares Russell Top 200 Value ETF by 42.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 780 shares of the company’s stock worth $66,000 after acquiring an additional 231 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in iShares Russell Top 200 Value ETF by 101.7% in the 4th quarter. Harbour Investments Inc. now owns 829 shares of the company’s stock worth $76,000 after purchasing an additional 418 shares in the last quarter.

About iShares Russell Top 200 Value ETF

iShares Russell Top 200 Value ETF(the Fund), formerly iShares Russell Top 200 Value Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Value Index (the Value Index). The Value Index is a style factor weighted index that measures the performance of the largest-capitalization value sector of the United States equity market. The Value Index is a subset of the Russell Top 200 Index and measures the performance of equity securities of Russell Top 200 Index issuers with relatively lower price-to-book ratios and lower forecasted growth.